If only jobs were as plentiful as oil in Saudi Arabia
In some ways, Saudi Arabia faces similar economic challenges to those that Texas faced 30 years ago, Loren Steffy writes, and as the world’s biggest oil producer, Saudi Arabia’s economic and political stability is the only thing standing between U.S. consumers and $200 oil. More »
Transocean’s year of delusion
Other than that, Mrs. Lincoln, how did you like the play? That seems to be the sense of absurdity with which Transocean, the operator of the Deepwater Horizon, infused its declaration that last year was “the best year in safety performance in our company,” Loren Steffy writes. More »
Salazar, Reilly question Transocean’s safety claim *updated*
Interior Secretary Ken Salazar and the head of an oil spill inquiry today took issue with Transocean’s claim that 2010 was “the best year in safety performance in (the) company’s history.” “Transocean just doesn’t get it,” said William Reilly, the head of the presidential oil spill commission. More »
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FuelFix Newslinks |04.04.11|
U.S. banks driving oil prices up. 2010 safest year ever for Transocean. BP turmoil leading up to explosion. More »
ConocoPhillips seeks deep-water, shale acquisitions
The company will increase planned capital spending of $13.5 billion by $2.5 billion this year for favorable opportunities, CEO Jim Mulva said, mentioning the Gulf of Mexico in particular. More »
Onshore oil production helps offset spill slowdown
A spill-related slowdown in the Gulf of Mexico could cut into oil production from the offshore basin for several years. But a number of emerging oil fields onshore, once thought out of reach, are helping the U.S. fill in the gap in the meantime. More »
BP e-mails show internal strife in weeks leading up to explosion
Personal criticisms, concerns about inexperienced engineers and “flying by the seat of our pants” were common topics of e-mail discussions among BP’s Houston-based team working on the doomed Macondo well. More »
BP seeks to resume drilling in Gulf of Mexico
BP is seeking permission to keep drilling at 10 existing deep-water wells in the Gulf in exchange for adhering to stricter safety rules. (Via NYT) More »
Bill would tie EPA rules to effect on jobs
Lawmakers battling the Environmental Protection Agency’s new greenhouse gas rules on refineries and power plants have focused so far on stripping the EPA’s power to regulate. Rep. Pete Olson, R-Sugar Land, is pitching narrower legislation that would force the agency to examine the economic consequences of its proposed rules. More »
Feds say no deal for BP to resume Gulf drilling
The U.S. Bureau of Ocean Energy Management said on Sunday it had not struck a deal with BP to allow the oil company to resume deepwater drilling in the Gulf of Mexico, refuting a press report. (Via Reuters) More »
Obama: Shift from imported oil, new jobs will come
The president used his weekly radio and Internet address Saturday to promote his ideas for bringing down gasoline prices by decreasing U.S. dependence on foreign oil. Shifting the U.S. away from imported oil and toward cleaner forms of energy will add momentum to a trend that has led to 1.8 million new jobs in the past 13 months, Obama said. More »
Transocean claims 2010 as its ‘best year in safety performance’
Eleven deaths, a lost drilling rig and up to 4.9 million barrels of oil spilled in the Gulf of Mexico helped earned Transocean executives hundreds of thousands of dollars in bonuses in 2010. And no, this isn’t an April Fool’s Day prank. More »
April 26, 2013
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